NCC Limited — Capital/Financing Update 2020

Dec 30, 2020

Ref. No.: NCCL/ Regulation 30/2020 Date $: 30 - 12 - 2020$

The Listing Department National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra - Kurla Complex Bandra (E) MUMBAI - 400 051.

The Corporate Relationship Dept. BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street, Fort MUMBAI-400001.

NSE: NCC

BSE: 500294

Dear Sir,

Sub: Outcome of Board Meeting under Regulations 30 of the SEBI (LO&DR) Regulations, 2015

This is to inform you that the Board of Directors of the Company at its meeting held today has inter-alia considered and approved the following:

1. Issuance of 1,80,00,000 ( One Crore Eighty Lakhs ) fully Convertible Warrants on Preferential Basis, to the Promoters/Promoter Group (list annexed) of the Company in accordance with the provisions of the Companies Act, 2013 read with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable statutory provisions and subject to the approval of shareholders through postal ballot;

The price at which the Warrants will be issued shall be determined in accordance with provisions of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended.

• 1. Appointment of Sri Om Prakash Jagetiya (DIN-0546495) as per the recommendation of Nomination and Remuneration Committee of the Company, as an Additional Director in the category of Non-Executive Independent Director on the Board of the Company;
• 1. Approval of Notice of Postal Ballot seeking the consent of the Shareholders for the Preferential Issue of Warrants and the appointment of Sri Om Prakash Jagetiya as Independent Director. The process, timelines and other requisite details with regard to the postal ballot will be communicated in due course.

The details as required under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 are furnished in the Annexure forming part of this letter'

The above intimation is provided in pursuance of the provisions of Regulation 30 of the securities and Exchange Board of lndia (Listin8 obliSations and Disclosure Requirements) Regulations, 2015, as amended and other applicable provisions of law'

The Meeting commenced at 10:00 a.m. and concluded at 11'15 a m

We request you to kindly take the aforesaid intimation on record'

Thanking you,

Yours sincerely, For NCC Limited

3o- 12- 2o2q M V Srinivasa MurthY Company SecretarY & EVP (L)

Encl:as a bove

Annexure A

Preferential lssue

sl.	DetailsParticulars Details
1	Type of securities proposed to be issued (viz.	Warrants Convertible into Equity
	eq uity shares, convertibles etc.)	Shares
2	Type of issuance (further public offering, rights	Preferential Allotment
	issue, depository receipts (ADR/GDR), qualified
	institutions placement, preferential allotment
	etc.);
3	Total number of securities proposed to be issued	1,80,00,000 numberof
	or the total amount for which the securities will	convertible wa rrants
	be issued (a p p roxim ately);
4	Names of the investors;	Promoter and Promoter GrouD
		1. Sri. A Srinivasa Rama Raju
		2. Sri. U Sunil
		3. Smt. A Arundhathi
		4. Sri. A Sri Harsha Varma
		5. Sri. A Vishnu Varma
		6. Smt. Bharati Alluri
		7. Sri J K Chaitanya Varma
		8. Smt J Sridevi
		9. Ms. J Sowjanya

Annexure B

Appointment of Sri Om Prakash Jagetiva

sl.	Particulars Details	Details
1	Reason for change	Appointment
2	Date of appointment& term of appointment	30th December 2o2oTerm of appointment is upto the date on which hereaches the age of 75 years i.e. 25th September, 2024and he shall not be liable to retire by rotation.
3	Brief profile	Sri Om Prakash Jagetiya (DlN-0546495) aged about71 years is a B.E.(Hons), M.B.A.(both from BITS Pilani)MIE.Sri Jagetiya was earlier associated with establishedcorporate houses like A.C.C. Ltd, Zuari Group (of KKBirla), Nagarjuna Fertilizers, Hyderabad lndustries Ltd(CK Birla Group), Anrak Aluminium Ltd, as Director /in Senior Management position over a span of 35years. He was also head of number of lndustry /Trade Associations.He has expertise in the areas of GeneralManagement, Finance, Risk Management etc.
4	Disclosu re of relationshipsbetween d irectors	Not related to any other director or Key ManagerialPerson nel